Larson Financial Group LLC Has $331,000 Position in General Mills, Inc. (NYSE:GIS)

Larson Financial Group LLC boosted its holdings in shares of General Mills, Inc. (NYSE:GIS) by 134.2% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 4,476 shares of the company’s stock after acquiring an additional 2,565 shares during the quarter. Larson Financial Group LLC’s holdings in General Mills were worth $331,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Legal & General Group Plc boosted its holdings in General Mills by 6.1% in the second quarter. Legal & General Group Plc now owns 5,629,943 shares of the company’s stock worth $356,151,000 after purchasing an additional 323,090 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of General Mills by 2.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 5,413,585 shares of the company’s stock worth $342,478,000 after acquiring an additional 148,235 shares in the last quarter. American Century Companies Inc. increased its holdings in shares of General Mills by 100.4% during the 2nd quarter. American Century Companies Inc. now owns 4,728,710 shares of the company’s stock valued at $299,138,000 after acquiring an additional 2,368,563 shares during the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of General Mills by 7.4% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,823,254 shares of the company’s stock valued at $282,347,000 after acquiring an additional 263,188 shares in the last quarter. Finally, abrdn plc lifted its holdings in General Mills by 3.9% in the 3rd quarter. abrdn plc now owns 2,492,918 shares of the company’s stock worth $183,778,000 after purchasing an additional 92,931 shares during the last quarter. 75.71% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other General Mills news, insider Pankaj Mn Sharma sold 2,325 shares of the business’s stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $74.63, for a total value of $173,514.75. Following the transaction, the insider now directly owns 36,184 shares in the company, valued at $2,700,411.92. The trade was a 6.04 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jonathon Nudi sold 9,647 shares of the firm’s stock in a transaction that occurred on Friday, September 27th. The stock was sold at an average price of $74.39, for a total transaction of $717,640.33. Following the sale, the insider now directly owns 128,664 shares of the company’s stock, valued at approximately $9,571,314.96. The trade was a 6.97 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 67,555 shares of company stock worth $4,721,336. Corporate insiders own 0.26% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on the company. Wells Fargo & Company lowered their price target on General Mills from $77.00 to $70.00 and set an “equal weight” rating on the stock in a report on Friday, November 15th. TD Cowen raised their target price on shares of General Mills from $72.00 to $75.00 and gave the company a “hold” rating in a research note on Friday, September 20th. Royal Bank of Canada reissued a “sector perform” rating and set a $70.00 target price on shares of General Mills in a research report on Thursday, September 19th. JPMorgan Chase & Co. raised their price target on General Mills from $63.00 to $67.00 and gave the company a “neutral” rating in a research report on Monday, October 14th. Finally, Bank of America lifted their price objective on General Mills from $68.00 to $75.00 and gave the stock a “neutral” rating in a research note on Thursday, September 12th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $72.67.

General Mills Price Performance

Shares of General Mills stock opened at $66.02 on Wednesday. The firm has a market cap of $36.65 billion, a P/E ratio of 15.72, a price-to-earnings-growth ratio of 3.38 and a beta of 0.11. The firm’s 50-day simple moving average is $69.29 and its 200-day simple moving average is $68.55. General Mills, Inc. has a twelve month low of $61.47 and a twelve month high of $75.90. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.39 and a current ratio of 0.66.

General Mills (NYSE:GIS) last released its quarterly earnings data on Wednesday, September 18th. The company reported $1.07 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.01. The company had revenue of $4.85 billion for the quarter, compared to analyst estimates of $4.80 billion. General Mills had a return on equity of 26.85% and a net margin of 12.14%. The company’s revenue was down 1.2% compared to the same quarter last year. During the same period in the prior year, the company posted $1.09 EPS. As a group, research analysts expect that General Mills, Inc. will post 4.51 EPS for the current fiscal year.

General Mills Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Friday, January 10th will be issued a dividend of $0.60 per share. The ex-dividend date of this dividend is Friday, January 10th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.64%. General Mills’s payout ratio is presently 57.14%.

General Mills Company Profile

General Mills, Inc manufactures and markets branded consumer foods worldwide. The company operates through four segments: North America Retail; International; Pet; and North America Foodservice. It offers grain, ready-to-eat cereals, refrigerated yogurt, soup, meal kits, refrigerated and frozen dough products, dessert and baking mixes, bakery flour, frozen pizza and pizza snacks, snack bars, fruit and savory snacks, ice cream and frozen desserts, unbaked and fully baked frozen dough products, frozen hot snacks, ethnic meals, side dish mixes, frozen breakfast and entrees, nutrition bars, and frozen and shelf-stable vegetables.